News Muncher - category jim chalmers

2 weeks, 5 days ago

Chaos in South Korea

ABC

Nick Grimm: G'day, welcome to PM, I'm Nick Grimm, coming to you from Gadigal land in Sydney. Nick Grimm: After a day of political chaos in South Korea, the country's main opposition party has vowed to initiate impeachment proceedings against President Yoon Suk Yeol unless he resigns immediately. Sarah Maunder: Dr Song says political commentators and the country's opposition are …

Law Growth North Korea South Korea Bank South North

3 weeks, 4 days ago

The Reserve Bank is in for major changes, but will it mean anything for interest rates?

ABC

Treasurer Jim Chalmers has indicated the looming election was not a factor in the Government's moves to introduce sweeping changes to the Reserve Bank. The move to split the board in two came after a long-running review of the Reserve Bank, which recommended making the change to get more expertise onto the board setting rates. But earlier this year the …

Board Monetary Policy Bank Interest Rates Interest Rates Rba

4 weeks ago

Government scores win on housing reforms

ABC

Sabra Lane: Good morning, welcome to AM. The Albanese government's talked up a big win in the final sitting week of the year, with the Greens backing down and agreeing to pass two key housing bills. Tom Lowrey: After months of fiery rhetoric and political wrangling, the Greens position on two of the Albanese government's key housing bills boiled down …

Labor Housing Budget Senate Minister Federal Mccarthy

1 month ago

With one week of parliamentary sittings left, the government finds itself outgunned by a man with simple and angry messages

ABC

Peter Dutton held a "doorstop interview" at Parliament House on Tuesday. Well, here's the list at the top of the transcript produced by his office: Subjects: Labor's embarrassing international nuclear snub; Labor's energy policy shambles; Labor's international student cap mess; the Coalition's plan to revive the home ownership dream and boost building across Australia; Labor's Big Australia policy; electoral reform; …

Labor Policy Prime Coalition Man Cost Minister

1 month ago

Backpacker dies in Thailand

ABC

Rachel Mealey: Hello welcome to PM. David Taylor: Former Labor climate minister, Greg Combay, who was appointed Future Fund Chairman by Dr Chalmers in January, welcomes the government's idea and says it aligns with the fund's thinking. Assoc Prof Vanessa Teague: There's a vague kind of idea that social media providers should take reasonable steps to exclude people under 16. …

Social Media Media Social Indian Hong Kong Donald Trump Fund

1 month ago

PM condemns anti-Israel vandalism

ABC

Sally Sara: Hello and welcome to The World Today, it is Thursday the 21st of November. Peter Ryan: Well Sally, Jim Chalmers, he's been really batting away questions that the future fund shake up, a changed mandate and the first statement of expectations in 15 years amounts to political interference that future governments could be tempted to raid the fund …

Family Matters Future Jobs Political Interference Jewish Israel Report

1 month ago

Future fund to invest in housing and green energy

ABC

Sabra Lane: Good morning, welcome to AM. A northern New South Wales mother says her baby boy's life was put at risk after she hired a so-called sovereign midwife to attend his birth at home. Charlotte King: Alice says her birth worker physically checked the baby's position in the lead up to the birth and during labour gave her a …

Social Media Labor Cleaning Media Social Future Birth

1 month ago

Treasurer makes economic pitch

ABC

Rachel Mealey: Hello welcome to PM, I'm Rachel Mealey coming to you from the lands of the Turrbal and Yuggera people in Brisbane. David Taylor: The Treasurer also says while the budget bottom line's improving thanks to a better tax take, it'll likely still come in deep in the red. Luke Siddham-Dundon: But she says the instructions don't give people …

China Women Ukraine Russia Nuclear Weapons Gender Gender Equality

1 month ago

Alan Jones arrested

ABC

Rachel Mealey: Hello and welcome to The World Today. Rachel Mealey: That's New South Wales Police Commissioner Karen Webb. Now it wants to protect people's right to use cash and Treasurer Jim Chalmers says they're planning to enforce a legal cash mandate with new legislation. Mitch McPherson: We're a not-for-profit that's been around for nearly 12 years and need to …

Wales Ukraine Russia Bank Small Businesses South Biden

1 month, 1 week ago

Treasurer Jim Chalmers says government has work to do on cost of living measures

ABC

Treasurer Jim Chalmers says the government knows there is still a lot of ground to make up when it comes to cost of living relief for Australians despite having released a raft of packages to ease the burden of inflation. Mr Chalmers's admission on 7.30 came one day after Opposition Leader Peter Dutton borrowed a line from US president-elect Donald …

Trump Cost Peter Dutton Chalmers Mr Chalmers Jim Chalmers Living Measures

1 month, 1 week ago

Jim Chalmers to burnish his diplomatic efforts, as economic and foreign policy become 'almost indistinguishable'

ABC

Treasurer Jim Chalmers will use a speech to foreign policy experts today to burnish his diplomatic credentials and issue a warning that Donald Trump's tariff plans may buffet Australia's economy and trigger a short-term inflation spike. Billed as the first major comments by a member of the Albanese government since Trump's US presidential election victory, Mr Chalmers will say that …

Policy China Foreign Policy Trump Economic Donald Trump Foreign

1 month, 2 weeks ago

RBA governor Michele Bullock gives blunt spending warning to Treasurer Jim Chalmers as election nears

ABC

Treasurer Jim Chalmers has received a blunt warning from Reserve Bank of Australia governor Michele Bullock about the inflationary consequences of any potential splashy pre-election spending promises as she left the door open to even higher interest rates. Mr Chalmers said in the wake of Labor's Queensland election loss, the coming federal election "was never going to be — from …

Inflation Bank Interest Rates Interest Rate Rba Albanese Mr Albanese

2 months, 3 weeks ago

Jim Chalmers tries to shut down shocking accusation about negative gearing leak with eight defiant words

Daily Mail

Treasurer Jim Chalmers has celebrated a second consecutive Budget surplus and dismissed a Labor insider's claims of a deliberate leak against Anthony Albanese as 'not really worth getting too worried about it'. The Treasurer's announcement comes after Cameron Milner, who was chief-of-staff to former Labor leader Bill Shorten, suggested Dr Chalmers had last week deliberately timed a review into negative …

Labor Budget Treasury Albanese Mr Albanese Treasurer Negative

2 months, 4 weeks ago

Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words

Daily Mail

Reserve Bank chief Michele Bullock has openly mocked Treasurer Jim Chalmers by suggesting she could hypothetically 'smash the economy' with more rate rises. But Ms Bullock has weaponised Dr Chalmers's critique of the most aggressive rate rises in a generation, just three weeks after the Treasurer accused the Reserve Bank of 'smashing the economy'. Reserve Bank chief Michele Bullock told …

Canada Inflation New Zealand Bank Cent Rate Rba

3 months ago

Greens demand hostile takeover of RBA in exchange for passing board reforms in likely death knell for treasurer's bill

ABC

The Greens are demanding the government intervene to cut interest rates in exchange for their support on the Reserve Bank bill, an unprecedented condition that impedes Treasurer Jim Chalmers' effort to land his reform. However, in a new demand that will almost certainly result in Labor killing the initiative, Greens economic justice spokesman Nick McKim said Mr Chalmers should wield …

Labor Political Reforms Bank Interest Rates Interest Rate

3 months ago

Greens leader Adam Bandt defends lack of Senate vote on Albanese government housing scheme

ABC

Greens leader Adam Bandt has defended his party's move to stall a Senate vote on the government's proposed Help to Buy housing legislation. "We're hopeful that during this now two-month negotiation period, the government is prepared to stop bulldozing and start negotiating," Mr Bandt told 7.30. "We put the government's bill through a pretty rigorous Senate inquiry, and what we …

Housing Australia Interest Rates Senate Cent Scheme Rba

3 months, 1 week ago

Coalition walks back in-principle support for restructuring RBA board

ABC

The Coalition will not seek to split the Reserve Bank board in two if elected, abandoning its in-principle support for a restructure backed by governor Michele Bullock. Last week, shadow treasurer Angus Taylor said the opposition would vote against a government bill to create one board to set interest rates and one for governance, citing suspicion that Treasurer Jim Chalmers …

Labor Pension Coalition Taylor Cut Hume Mr Taylor

3 months, 1 week ago

Bullock's Lowe moment has put an end to the uneasy political truce over the RBA

ABC

Before she set off the chain of events that would reduce the Reserve Bank reforms to a smoking wreckage, Governor Michele Bullock gave a nervous laugh. Hawks and doves The six-month comment may have been meant to reassure "hawks" who believed the Reserve Bank had been too soft, leaving inflation stuck around 4 per cent. When his old boss Wayne …

Inflation Bank Rate Taylor Governor Jim Rba

3 months, 2 weeks ago

Does the Reserve Bank need an overhaul?

ABC

SARAH FERGUSON, PRESENTER: The Albanese Government's overhaul of the Reserve Bank is in limbo after the Coalition declared it will not support the Government's plans to create a new specialist board for setting interest rates. SARAH FERGUSON: The Opposition wanted you to transfer all the current external Reserve Bank board members onto the new rate setting board without any exceptions. …

Board Bank Interest Rates Senate Members Think Governor

3 months, 2 weeks ago

Labor is leaning into an assault on the 'barbarians' at the bank. It may be great politics, but the economics are trickier

ABC

There's plenty of buyer's remorse inside Labor these days. Treasurer Jim Chalmers has blamed successive interest rate rises for "smashing the economy", as the government braces for more weak economic figures due this week. Failure to bring inflation back to the bank's 2 per cent to 3 per cent target range would ultimately force the Reserve Bank to "slow the …

Economy Labor Inflation Bank Interest Rates Interest Rates

3 months, 2 weeks ago

More people are seeking help as Australia's economy slows down, RBA governor acknowledges

ABC

Reserve Bank governor Michele Bullock says she is aware that more people than usual are seeking help from community organisations as Australia's economy slows down and unemployment rises. And the number of owner-occupiers with variable-rate mortgages who are in a "particularly challenging situation" is also rising, but the RBA is doing what it can to bring inflation down, re-balance the …

Economy Inflation Interest Rates Interest High Cent Taylor

3 months, 3 weeks ago

Jim Chalmers blames interest rate rises for 'smashing' the economy, expects weak economic growth

ABC

Treasurer Jim Chalmers has blamed successive interest rate rises for "smashing the economy", as the government braces for more weak economic figures due this week. Ahead of the release of the latest economic growth figures on Wednesday, Mr Chalmers said the government was focused on walking the tightrope of bringing down inflation without further pressuring people "already being hammered by …

Economy Growth Inflation Bank Interest Rates Interest Cent

3 months, 3 weeks ago

Albanese backflips on census LGBTQIA+ sexuality question - and hangs his two main men Richard Marles and Jim Chalmers out to dry

Daily Mail

Anthony Albanese's backflip to now include a sexuality question in the coming census, while the right thing to do, has hung the Deputy PM and Treasurer out to dry. The argument the Deputy PM Richard Marles and Treasurer Jim Chalmers used to defend it claimed that leaving sexuality out of the questionnaire would avoid 'divisive debate'. Anthony Albanese reversed a …

Community Labor Cabinet Question Decision Albanese Richard Marles

4 months ago

Reserve Bank restructure closer to reality after Treasurer Jim Chalmers offers olive branch to Angus Taylor

ABC

The Reserve Bank of Australia is a step closer to its biggest restructure in three decades after Treasurer Jim Chalmers assured his Coalition counterpart, Angus Taylor, that he would not seek to replace members of the powerful interest rate-setting board. Mr Taylor's suspicion that Mr Chalmers would use the restructure to "stack" the board with Labor-aligned members has been the …

Board Coalition Bank Taylor Rba Reserve Bank Treasurer

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Articles for Jim Chalmers

Chaos in South Korea

The Reserve Bank is in for major changes, but will it mean anything for interest rates?

Government scores win on housing reforms

With one week of parliamentary sittings left, the government finds itself outgunned by a man with simple and angry messages

Backpacker dies in Thailand

PM condemns anti-Israel vandalism

Future fund to invest in housing and green energy

Treasurer makes economic pitch

Alan Jones arrested

Treasurer Jim Chalmers says government has work to do on cost of living measures

Jim Chalmers to burnish his diplomatic efforts, as economic and foreign policy become 'almost indistinguishable'

RBA governor Michele Bullock gives blunt spending warning to Treasurer Jim Chalmers as election nears

Jim Chalmers tries to shut down shocking accusation about negative gearing leak with eight defiant words

Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words

Greens demand hostile takeover of RBA in exchange for passing board reforms in likely death knell for treasurer's bill

Greens leader Adam Bandt defends lack of Senate vote on Albanese government housing scheme

Coalition walks back in-principle support for restructuring RBA board

Bullock's Lowe moment has put an end to the uneasy political truce over the RBA

Does the Reserve Bank need an overhaul?

Labor is leaning into an assault on the 'barbarians' at the bank. It may be great politics, but the economics are trickier

More people are seeking help as Australia's economy slows down, RBA governor acknowledges

Jim Chalmers blames interest rate rises for 'smashing' the economy, expects weak economic growth

Albanese backflips on census LGBTQIA+ sexuality question - and hangs his two main men Richard Marles and Jim Chalmers out to dry

Reserve Bank restructure closer to reality after Treasurer Jim Chalmers offers olive branch to Angus Taylor